Vinisapa: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Vinisapa
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Receivables within one year +€23,132
new in 2025: €23,132
- Cash -€16,431
down €16,431 (-19.8%), from €82,892 to €66,461
mainly Current investments (-€50,000) and Receivables within one year (-€23,132)
- Tangible fixed assets -€10,867
down €10,867 (-15.8%), from €68,621 to €57,754
of which Furniture and vehicles: -€14,255
- Profit (loss) carried forward +€69,397
up €69,397 (+115%), from €60,204 to €129,601
- Debts after one year -€15,680
down €15,680 (-29.6%), from €52,972 to €37,292
- Tax, wage and social debts -€8,350
down €8,350 (-41.5%), from €20,121 to €11,771
- Gross operating margin +€13,854
up €13,854 (+14.7%), from €93,940 to €107,794
- Depreciation +€4,053
up €4,053 (+30.6%), from €13,225 to €17,279
- Taxes +€2,971
up €2,971 (+18.8%), from €15,785 to €18,756
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €152,521 | €197,926 | +€45,405 | +29.8% |
| Fixed assets | 21/28 | €68,621 | €57,754 | -€10,867 | -15.8% |
| Tangible fixed assets | 22/27 | €68,621 | €57,754 | -€10,867 | -15.8% |
| Plant, machinery and equipment | 23 | €811 | €0 | -€811 | -100% |
| Furniture and vehicles | 24 | €66,415 | €52,160 | -€14,255 | -21.5% |
| Other tangible fixed assets | 26 | €1,395 | €5,594 | +€4,200 | +301% |
| Current assets | 29/58 | €83,900 | €140,171 | +€56,272 | +67.1% |
| Amounts receivable within one year | 40/41 | - | €23,132 | +€23,132 | |
| Trade receivables | 40 | - | €23,132 | +€23,132 | |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €82,892 | €66,461 | -€16,431 | -19.8% |
| Deferred charges and accrued income | 490/1 | €1,008 | €578 | -€430 | -42.6% |
| Total equity and liabilities | 10/49 | €152,521 | €197,926 | +€45,405 | +29.8% |
| Equity | 10/15 | €63,204 | €132,601 | +€69,397 | +110% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,204 | €129,601 | +€69,397 | +115% |
| Amounts payable | 17/49 | €89,318 | €65,325 | -€23,993 | -26.9% |
| Amounts payable after more than one year | 17 | €52,972 | €37,292 | -€15,680 | -29.6% |
| Financial debts | 170/4 | €52,972 | €37,292 | -€15,680 | -29.6% |
| Amounts payable within one year | 42/48 | €36,346 | €28,033 | -€8,313 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €15,155 | €15,680 | +€524 | +3.5% |
| Trade debts | 44 | €1,056 | €556 | -€500 | -47.3% |
| Suppliers | 440/4 | €1,056 | €556 | -€500 | -47.3% |
| Taxes, remuneration and social security | 45 | €20,121 | €11,771 | -€8,350 | -41.5% |
| Taxes | 450/3 | €20,121 | €11,771 | -€8,350 | -41.5% |
| Other amounts payable | 47/48 | €13 | €26 | +€13 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,225 | €17,279 | +€4,053 | +30.6% |
| Other operating charges | 640/8 | €133 | €127 | -€6 | -4.5% |
| Gross operating margin | 9900 | €93,940 | €107,794 | +€13,854 | +14.7% |
| Operating profit (loss) | 9901 | €80,582 | €90,389 | +€9,807 | +12.2% |
| Financial charges | 65/66B | €2,108 | €2,236 | +€128 | +6.1% |
| Recurring financial charges | 65 | €2,108 | €2,236 | +€128 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €78,474 | €88,153 | +€9,679 | +12.3% |
| Income taxes | 67/77 | €15,785 | €18,756 | +€2,971 | +18.8% |
| Profit (loss) for the period | 9904 | €62,689 | €69,397 | +€6,708 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,689 | €69,397 | +€6,708 | +10.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.